Polypipe Group PLC (PLP) Given Buy Rating at Deutsche Bank AG
Several other equities research analysts have also recently weighed in on PLP. Peel Hunt upped their price target on Polypipe Group PLC from GBX 350 ($4.37) to GBX 375 ($4.69) and gave the stock an add rating in a research note on Thursday, February 9th. Berenberg Bank reaffirmed a buy rating and issued a GBX 360 ($4.50) price target on shares of Polypipe Group PLC in a research note on Thursday, February 9th. Jefferies Group LLC raised Polypipe Group PLC to a buy rating and upped their price target for the stock from GBX 240 ($3.00) to GBX 350 ($4.37) in a research note on Monday, December 5th. Finally, Numis Securities Ltd reaffirmed a buy rating and issued a GBX 330 ($4.12) price target on shares of Polypipe Group PLC in a research note on Tuesday, November 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Polypipe Group PLC presently has a consensus rating of Buy and an average price target of GBX 364.80 ($4.56).
Shares of Polypipe Group PLC (LON:PLP) opened at 342.70 on Thursday. Polypipe Group PLC has a 1-year low of GBX 217.00 and a 1-year high of GBX 358.90. The stock’s 50 day moving average price is GBX 337.13 and its 200-day moving average price is GBX 295.91. The company’s market capitalization is GBX 682.91 million.
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About Polypipe Group PLC
Polypipe Group plc is a United Kingdom-based manufacturer of plastic piping systems for the residential, commercial, civil and infrastructure sectors. The Company’s segments include Residential Piping Systems, Commercial and Infrastructure Piping Systems (UK), and Commercial and Infrastructure (Mainland Europe).
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